Aqueous Underwriting has secured elevated capability below plans to broaden its foothold throughout the UK skilled indemnity insurance coverage market in 2022. The specialist managing basic agent can now supply cowl for limits as much as £10 million (US$13.4 million), on both a main or extra layer foundation, or a mix of each.
The rise in capability allows Aqueous to supply its brokers a one-stop store for his or her shoppers by way of the supply of extra complete applications, a number of protection layers, and extra of loss capability for dangers the place Aqueous isn’t the first supplier.
The brand new extra layer capability has been secured by way of the addition of Nice American Worldwide Insurance coverage (UK) Ltd. to Aqueous’ current panel of suppliers and follows on from a 12 months of speedy progress. In 2021 Aqueous’ PI premium capability nearly doubled, rising by 83% from £15 million (US$20.1 million) to £27.5 million (US$37 million), the place it presently sits.
Aqueous’ PI guide is presently centered on accountancy, design & assemble, architects & engineers, property professionals (property brokers, amount surveyors, and many others.), media and expertise professions.
“That is an thrilling improvement for Aqueous at a time when the PI market total is affected by restricted capability, with many suppliers pulling again from the sector. Extending our capabilities with the power to write down with a bigger line-size, and an elevated revenue threshold, has enabled us to supply our brokers an enhanced proposition for his or her shoppers,” commented Mark Ford, chief underwriting officer.
“We now have 5 “A” Rated capability backers, offering our brokers and their shoppers with a top quality providing, which satisfies all of their buying necessities in a one-stop store,” he added.
About Aqueous Underwriting and Nice American
London-based Aqueous Underwriting offers skilled indemnity cowl to a variety of execs and SME bundle insurance coverage to the meals, hospitality, leisure, and resort industries. Aqueous Underwriting is a buying and selling identify of Aqueous Administration Ltd., an appointed consultant of Davies MGA Providers Ltd., an organization approved and controlled by the UK Monetary Conduct Authority.
Primarily based in Bristol, England, Nice American Worldwide Insurance coverage (UK) Ltd. is a member of Nice American Insurance coverage Group whose roots return to 1872 with the founding of its flagship firm Nice American Insurance coverage Co. A part of Nice American’s European Division, Nice American Worldwide Insurance coverage (UK) is “A+” rated by Commonplace & Poor’s.
Supply: Aqueous Underwriting
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